ALGO

E413707

ALGO is the native cryptocurrency of the Algorand blockchain, used for transaction fees, staking, and securing the network through its pure proof-of-stake consensus mechanism.

All labels observed (2)

Label Occurrences
ALGO canonical 4
microALGO 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf cryptocurrency ⓘ
utility token ⓘ
blockchainPlatform Algorand ⓘ
consensusMechanism Pure Proof-of-Stake ⓘ
consensusParticipants Algorand validators ⓘ
consensusProperty permissionless participation ⓘ
randomized validator selection ⓘ
designedBy Algorand Inc. ⓘ
ecosystem Algorand ecosystem ⓘ
feeModel fixed minimum transaction fee ⓘ
governanceRole voting power in Algorand governance ⓘ
governanceType on-chain community governance ⓘ
hasDecimalPlaces 6 ⓘ
isDivisible yes ⓘ
isNativeTo Layer-1 Algorand protocol ⓘ
isRequiredFor participating in Algorand consensus ⓘ
participating in Algorand governance ⓘ
paying Algorand transaction fees ⓘ
isSecuredBy staked ALGO holders ⓘ
isTradedOn cryptocurrency exchanges ⓘ
isUsedBy DeFi protocols on Algorand ⓘ
NFT marketplaces on Algorand ⓘ
dApps on Algorand ⓘ
isUsedFor incentivizing network security ⓘ
rewarding participation in Algorand consensus ⓘ
launchContext launched with Algorand mainnet ⓘ
nativeTokenOf Algorand blockchain ⓘ
network Algorand mainnet ⓘ
networkType public blockchain network ⓘ
roleInNetwork medium of exchange on Algorand ⓘ
store of value on Algorand ⓘ
unit of account on Algorand ⓘ
securityModel stake-based security ⓘ
securityRole staking asset for validator participation ⓘ
standard Algorand Standard Asset compatible ⓘ
supports ASA (Algorand Standard Asset) operations fees ⓘ
atomic transfers fees ⓘ
on-chain governance participation ⓘ
smart contract execution fees ⓘ
supportsFeature fast transaction finality ⓘ
low transaction fees ⓘ
symbol ALGO ⓘ
underlyingTechnology blockchain ⓘ
unitName microALGO ⓘ
linked to: ALGO
usedFor securing the Algorand network ⓘ
staking on Algorand ⓘ
transaction fees on Algorand ⓘ

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

ALGO → symbol → ALGO ⓘ
ALGO → unitName → microALGO ⓘ
linked to: ALGO